Apple has made history todayby becoming the first publicly traded company in the US to be valued at $1 trillion. Earlier this week, Apple stock rose approximately 3 percent due to a very good third-quarter earnings report. It hit a high of $207.05 during the week.
Sara Salinas of CNBC said, “Based on a recently adjusted outstanding share count of 4,829,926,000 shares, a stock price of $207.05 nudged Apple over the finish line in the race to $1 trillion.”
Dan Ives, a GBH Insights Analyst, added that hitting $1 trillion is not the end of growth for Apple. He instead believes that this is “speaking to a new stage of growth and profitability.”
Apple may not be the only company to reach $1 trillion for long, though. Salinas added, “Amazon had also been approaching the threshold,surpassing $900 billionin market value in July.”